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º£½ÇÖ±²¥ is Abu Dhabi’s biggest non-oil trade partner between March and August

º£½ÇÖ±²¥ is Abu Dhabi’s biggest non-oil trade partner between March and August
º£½ÇÖ±²¥ was the number one destination for non-oil goods from Abu Dhabi between March and August this year, official figures revealed on Monday. (Shutterstock)
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Updated 30 November 2020

º£½ÇÖ±²¥ is Abu Dhabi’s biggest non-oil trade partner between March and August

º£½ÇÖ±²¥ is Abu Dhabi’s biggest non-oil trade partner between March and August
  • Kingdom was the number one destination for non-oil goods, valued at $4.16bn

DUBAI: º£½ÇÖ±²¥ was the number one destination for non-oil goods from Abu Dhabi between March and August this year, with trade between the Kingdom and the emirate amounting to AED15.3 billion ($4.16 billion), according to official figures released on Monday.

According to the latest report issued by the Abu Dhabi Department of Economic Development (ADDED), while º£½ÇÖ±²¥ topped the list for non-oil goods, Switzerland, Hong Kong, China and Kuwait made up the top four destinations for the emirate.

The non-oil exports and re-exports to these four countries accounted for 65.4 percent of the emirate’s total exports from March until May 2020. º£½ÇÖ±²¥, Hong Kong, Italy, Switzerland and Singapore accounted for 67.8 percent of the total non-oil exports and re-exports recorded between the months of June and August 2020.

While the ADDED report did not give a breakdown of produce per country, WAM — the UAE state news agency — reported that industry supplies, transport equipment, parts and accessories, and food and beverage products accounted for 88.7 percent of the non-oil exports and re-exports from June to August 2020. Between March and May this year, the share was 83.2 percent.

Pearl products, precious and semi-precious stones, and imitation jewelry; equipment for vehicles, airplanes, ships and similar means of transportation; and metals and their related products accounted for 67 percent of the total non-oil exported and re-exported goods from June to August 2020.

Overall, Abu Dhabi’s total non-oil exports and re-exports reached AED32.8 billion between June and August 2020, up 62.5 percent compared to the AED20.2 billion recorded between March and May this year, the ADDED figures showed.